Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers U > Headlines for University of Minnesota > News item |
University of Minnesota readies $141.3 million offering of G.O. bonds
By Cristal Cody
Tupelo, Miss., July 17 – Regents of the University of Minnesota plan to price $141,355,000 of general obligation bonds, according to a preliminary official statement.
The series 2014B bonds (/AA/) have serial maturities from 2017 through 2039 and a term bond due Jan. 1, 2044.
RBC Capital Markets, LLC is the lead manager of the negotiated sale.
The co-managers are Barclays Capital, Inc., Dougherty & Co., LLC and J.P. Morgan Securities LLC.
Proceeds will be used to finance a new ambulatory care center that will be owned by the university, reimburse the university for costs of the project and pay capitalized interest on the bonds during construction of the project.
The bond offering is expected to close in August.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.